Negatively closed the markers In Wall Street today (5.6.2025), pushed by the drop in shares of the construction company Tesla.
The S&P 500 fell 0.53% and closed at 5,939.30 points, while Nasdaq fell 0.83% and closed at 19,298.45 points. The Dow Jones industrial index fell 108 points or 0.25%to stand at 42,319.74 points. Tesla was the big failure of the meeting, with over 14%, after President Donald Trump said he was “very frustrated” by CEO Elon Musk.
Musk returned to President Donald Trump, saying in a post on X that “without me, Trump would have lost the election.” The controversy further intensified after Trump called Musk “crazy” and gave the message that he could cut off his companies’ government contracts.
The US and China have agreed to temporarily reduce duties in May, pushing shares to sharp earnings for the month, as investors hoped that the worst of disturbance in commercial policy were left behind. The S&P 500 increased more than 6% in May, marking its best month since November 2023, along with Nasdaq. Recently, however, the escalation of tensions between the US and China has worried investors.